Fund sales refers to the activities of fund sales organizations such as publicizing funds, selling fund shares, and handling fund share subscription and redemption.
Terminology explanation
Fund sales institutions engaged in fund sales activities shall abide by laws and regulations and the provisions of the China Securities Regulatory Commission, and shall not harm the interests of the state, the public and the legitimate rights and interests of fund investors. Abide by the provisions of the fund contract and fund sales agreement, follow the principles of openness, fairness and impartiality, be honest and trustworthy, be diligent and conscientious, and abide by professional ethics and codes of conduct.
The person in charge of the fund sales department of a company that has obtained the qualification of fund business shall not be less than 65,438+0/2 of the number of employees in this department, and the manager in charge of fund sales business shall obtain the qualification of fund business, be familiar with fund sales business, engage in fund business for more than 2 years or work in other financial related institutions for more than 5 years.
The persons in charge of the fund sales business of the main branches of the company have all obtained the qualification of fund practice; State-owned commercial banks, joint-stock commercial banks, postal savings banks and other personnel who have obtained the qualifications for fund practice shall not be less than 30; City commercial banks, rural commercial banks, foreign-funded corporate banks in China, etc. There are no less than 20 persons who have obtained the qualification of fund practice.
According to different standards, securities investment funds can be divided into different types:
(1) According to whether the fund unit can be increased or redeemed, it can be divided into open-end funds and closed-end funds. Open-end funds are not traded on the market (as the case may be), but are purchased and redeemed by banks, brokers and fund companies, and the fund scale is not fixed; Closed-end funds have a fixed duration and are generally listed and traded on the stock exchange. Investors buy and sell fund shares through the secondary market.
(2) According to different organizational forms, it can be divided into corporate funds and contractual funds. A fund is established by issuing fund shares to establish an investment fund company, which is usually called a corporate fund; The establishment of fund managers, fund custodians and investors through fund contracts is usually called contractual funds. China's securities investment funds are all contractual funds.
(3) According to the different investment risks and returns, it can be divided into growth funds, income funds and balanced funds.
(4) According to different investors, it can be divided into four categories: stock funds, bond funds, monetary funds and hybrid funds.